Advestra advises Ares Management Corporation on its add-on investment in Peach Property Group AG by subscribing for CHF 50 million mandatory convertible bonds

Ares Man­age­ment Cor­por­a­tion (“Ares”), a glob­al altern­at­ive invest­ment man­ager, that invests across Cred­it, Private Equity and Real Estate, sub­scribed for CHF 50 mil­lion nom­in­al amount man­dat­ory con­vert­ible bond issued by Peach Prop­erty Group AG (“Peach”), a real estate com­pany lis­ted on SIX Swiss Exchange. The man­dat­ory con­vert­ible bonds will be issued at an issue price of 60% of the nom­in­al value which arith­met­ic­ally res­ults in a con­ver­sion price of the new Peach shares of CHF 18. The pay­ment of interests will be made cumu­lat­ively at matur­ity in Peach shares. Peach will use the pro­ceeds from the issue in full to repay debt and reduce its Group LTV by around 2.4%.

Advestra advised Ares on all leg­al mat­ters relat­ing to the trans­ac­tion, includ­ing takeover law aspects. The team included Sandro Fehl­mann, Thomas U. Reut­ter, Roland Truffer, Fabi­an Wild and Selina Oes (all Cap­it­al Mar­kets, Cor­por­ate I M&A).